Damarys is a resident and a farmer in Kitale, Western Kenya where she has practiced farming for six years, with her farm currently being run with the help of two farmhands and producing milk, maize and beans for the local market. She runs a motorcycle transport business besides farming. She is married with three children all above one year and below 7 years.
Damarys has requested a loan of 62,400 KES from Juhudi Kilimo to help her purchase and insure a dairy cow. She wants to boost her dairy farming so as to get adequate milk for family consumption as well as for resale to generate income which she intends to use in paying for the education of her children.
She laments the fluctuation in milk prices as a major challenge.
To facilitate a partnership between Kiva and Juhudi Kilimo, K-Rep Group (Juhudi Kilimo’s 100% owner) has guaranteed Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.
About Juhudi Kilimo:
Juhudi Kilimo is a for-profit social enterprise working with small-holder farmers in Kenya to finance purchases of dairy cows, chickens, agricultural equipment, and other assets that create immediate cash flow. Many of the assets are insured to prevent devastating business losses, and targeted technical assistance is provided to farmers, from agricultural training to basic book keeping and local market research.